Out of his many picks, Porinju had said that Bombay Burmah Trading Corporation (BBTC) and Bengal & Assam Company could become multibaggers of future.
The day’s gains in equity benchmarks Nifty and Sensex can solely be attributed to the rally in RIL shares, as the broader market remained largely sluggish.
Domestic equity benchmarks hit two-and-a-half-month highs during the day. Analysts who were bearish till a few days back are now seeing the market at new record highs this year.
Information technology was the only sectoral index that logged losses on BSE on Tuesday, as fears of protectionist policies from US President Donald Trump hit Indian exporters.
Shares of midcap companies made decent strides with the BSE Midcap index outperforming the market with a 0.41% rise against a 0.19% uptick in benchmark Sensex.
Shares of second-rung cos were in a better shape on Wednesday as the BSE Smallcap index rose 0.46 per cent against a 0.05 per cent rise in the benchmark Sensex.
With the demonetisation theme out of the way, it is time for the market to turn its focus on the Union Budget. Logistics stocks zoomed in early trade ahead of a meeting of GST Council.
Shares of second-rung stocks gained momentum on the first session of the year as the BSE Midcap and BSE Smallcap indices surged around 1 per cent each.
Before we move into 2017 with high hopes and some fears, here is a capsule of what mattered for Dalal Street on the last session of the year on Friday.
Shares of smallcap and midcap firms outperformed for a second straight day. BSE Midcap index jumped 1.19 per cent against a 0.59 per cent rise in the Sensex.
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